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AND 



BY-LAWS 



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THE STUYVESANT INSTITUTE 



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CITY OF NEW TOBK. 



J. NARINE, PRINTER, 

11 WALL 6TBEET, NEW TOBK. 

1837. 



AND 



BY-LAWS 



OP 




THE STUYVESANT INSTITUTE 



OF THE 



CITY OF NEW YORK. 



F- "■ 



J. NARINE PRINTER, 
11 WALL STHEET« NEW Y K XC. 

1837. 






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AN ACT 

THE STUYVESANT INSTITUTE 

F TH E 

CITY OF NE^V YORK. 

Passed Mat 25, 1S3G. 



The People of the State of New York, re-presented in Senate 
and Assembly, do enact as follows: 

Section 1. — Samuel Ward, Samuel B. Ruggles, Phile- 
Tus H, Woodruff, William Turell, Stephen Allen, 
Isaac Green Pearson, John R. Townsend, William 
Kent, John W. Francis, William B. Lawrence, John C 
Brant, Saul Alley, John J. Bailey, Peter G. STin^vE- 
SANT, Russell H. Nevinp, Verdine Ellsworth, Robert 
G. Rankin, and all persons who now are or hereafter may 
become associated with them, are hereb j^ constituted a body , 
corporated by the name of "THE STUYVESANT IN- 
STITUTE OF THE CITY OF NEW YORK," for the 
diffusion of useful knowledge, by popular Lectures, the es- 
tablishment of a Library, a Museum or cabinet of natural 
history, and a Reading Room ; and by such other means as 
the Board of Directors may judge expedient; and by that 
name and style shall be capable of taking and holding real 
estate, the value whereof when first acquired by such cor- 
poration, independent of buildmgs thereon, shall not exceed 
fifty thousand dollars; and also any books, maps, medals, 
or other personal chattels that may be necessary to carry 
into effect the purposes of their Association, and the same 
at their pleasure to demise, grant, alien and sell. 

Sec 2. — The property and effects of the said corporation 
shall be divided into two thousand shares of fifty dollars 
each ; subscriptions to which shall be received by the Board 



of Directors hereafter named, and shall be deemed personal 
property, and be assignable in such mode as the by-laws of 
such corporation shall direct. 

Sec. 3. — The management and disposition of the affairs 
and property of the said corporation shall be vested in a 
Board of seventeen Directors, to be elected annually, on the 
second Monday in May, in each year, by the shareholders, 
each share having one vote, and a majority of such directors 
shall constitute a quorum for the transaction of business. 

Sec. 4. — The seventeen persons named in the first sec- 
tion of this act shall be the first Directors of such corpo- 
ration, and shall hold their offices until the next annual 
election, or until others shall be elected in their places. 

Sec. 5. — The said corporation shall possess the general 
powers* granted and be subjected to the liabiUties imposed in 
and by the third title of the eighteenth chapter of the first 
part of the Revised Statutes. 

Sec. 6. — The Legislature may at any time alter, modify or 
repeal this act. 

Sec. 7. — This act shall take effect immediately after the 
passage thereof. 

*NoTE. — Among the powers gx-anted are the following : — 

Section 1. — Every corporation, as such, has power 

First. —To have succession by its corporate name for the period 
limited in its charter : and when no period is limited, perpetually. 

Second. — To sue and be sued, complain and defend, in any court 
of law or equity. 

Third. — To make and use a common seal, and alter the same at 
pleasure. 

Fourth. — To hold, purchase, and convey such real and personal 
estate, as the purposes of the corporation shall require, not exceed- 
ng the aaiount hmited in its charter. 

Fifth.— To appoint such subordinate officers and agents, as the 
business of the corporation shall require, and to allow them a suit- 
able compensation. 

Si.tth. — To make by-laws, not inconsistent with any existing 
law, for the management of its property, the regulation of its atfairs, 
and for the transfer of its stock. 



BY-LAWS 

O F 

THE STUYVESANT INSTITUTE 

OF THE 

CITY OF NEW YORK. 



AHTJCLE I. 

Officers. 

The officers of this society shall be a President, one Vice 
President, Secretary, and Treasurer, who shall be elected 
at the first meeting of the Board, to be held after the annual 
election of Directors. 

ARTICLE II. 

Elections. 

The Board of Directors, shall at a meeting to be held 
by them prior to the annual election of Directors by the 
Stockholders, appoint three persons Stockholders to be in- 
spectors of the election, who or any two of them, shall pre- 
side at such election and perform the duties miposed by law 
upon inspectors of elections. The annual election of Direc- 
tors by the Stockholders, shall be held on the third Monday 
of May in each year, at 7 o'clock in the evening of that day, 
at such place as the inspectors shall designate. 

AKTICLE III. 

Duties of Officers. 

Section 1. — The President for the time being or in his 
absence, the Vice President or in the absence of both, one 
of the board to be nominated and chosen as President pro- 
tempore, shall preside at all meetings of the Board, nominate 



and appoint nil committees, except when otherwise ordered, 
and shall call extra meetings of the Board as often as he 
may think expedient or be requested so to do in writing, by 
any three Directors. 

Sec. 2. — It shall be the duty of the Secretary to issue 
under the direction of the President, notices for all meetings 
of the Board, to keep a correct minute of all business trans- 
acted at such meetings, to read and file all reports and other 
documents laid before the Board, and shall keep in his pos- 
session all evidences of property, and also the corporate 
seal. 

Sec. 3. — It shall be the duty of the Treasurer to superin- 
tend the collection, and receive all the general funds of the 
Institution and disburse such portion of the same as may 
be required ; also to report delinquencies in the payment of 
dues by subscribers, and any changes that may occur 
among the same by additions or withdrawals, and annually 
to lay before the Board a general account current. 

ARTICLE IV. 

Executive Committee. 

There shall be appointed from the Board at its first re- 
gular meeting after the annual election of Directors, an 
Executive Committee to consist of three persons. 

It shall be the duty of the Executive Committee to take 
the general charge and supervision of the property and 
affairs of the Institution during the recesses of the Board; 
they shall meet regularly twice in each month, and keep 
regular minutes of all their proceedings, and shall lay the 
same before the Board whenever requested so to do. 

ARTICLE V. 

Transfers of Stock. 

Certificates for Stock shall be signed by the President and 
countersigned by the Secretary. Transfers of stock shall 
be valid when made in the transfer book of the company 
only, and no transfer of stock shall be made unless upon 
surrender of the certificate of stock issued for such transfer, 
if any such there be. All transfers must be made by prin- 



cipal or by agent or attorney, duly authorized under seal. 
The transfer books may be closed for such time as the 
Board may judge expedient. 



ABTICLE VI. 



All committees, standing or special, shall present their re- 
ports in writing; all resolutions or motions, shall on request 
be reduced to writing. 



ARTICLE VII. 



No alteration or amendment of the by-laws can be 
made, except notice of the same be given at a meeting pre- 
vious to the one at which the alteration or amendment 
is intended to be made. 



